Loom Network is an American startup with its own cryptocurrency, implemented on the Ethereum blockchain. It is designed to solve the problem of scalability when working with decentralized applications. Cryptocurrency of Loom Network has a stock Ticker LOOM. It was established in the first quarter of 2018. A total of 1 billion coins was released, of which 606 million LOOM are in circulation at the time of writing. As of May 23, 2018, the total capitalization exceeds 243 million dollars. The daily turnover on all exchanges is $8 million. The token costs $0.4. Trading with LOOM token began on March 14, 2018, at a price of $0.076. So far, the coin shows an upward trend in growth. Especially the token has grown in value since May 2, when listing of LOOM on the Binance crypto exchange was held. In just 3 days, the price rose from $0.31 to $0.69.
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